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juniormoseki1

NAS100 TECHNICAL FORECAST

US 100 Cash CFD (PEPPERSTONE:NAS100)  
juniormoseki1 Updated   
PEPPERSTONE:NAS100   US 100 Cash CFD
Trend Analysis Support and Resistance Rectangle NASDAQ 100 CFD Indices nas100idea nas100analysis
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trendanalysis supportandresistance rectangle nas100 indices nas100idea nas100analysis
Here I explain my forecast for Nas100,:

For short position I will be looking for break of the support and a clear retest and find entry, and my target for short position will be 15560.0 level.


For Long position, I am more interested on how market will react on the current support level, taking into consideration momentum, price action patterns and rejections I will be looking to buy the market at the support, using the basic law of trading which says " buy low and sell High" right now we are low at the support leve1.
Trade closed: target reached:
Momentum for upside as discussed initial and the market played exactly how I predicted.
Trade closed: target reached:
to the Tip,Perfect.
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